What are the EITC and OSTC programs?


A great way for businesses and corporations to direct tax dollars and get directly involved in supporting education!

Administered by the Pennsylvania Department of Community and Economic Development (DCED), this program enables businesses to invest directly in tomorrow’s workforce by turning tax dollars into scholarship funds. You direct where your tax dollars go—rather than sending them to Harrisburg.


It’s simple: your business makes a contribution to The Campus School of Carlow University, and in turn receives a tax credit for up to 90% of its contribution (see chart below). These dollars will be used to provide tuition assistance to scholastically qualified, but financially challenged students, providing a life-changing opportunity to experience The Campus School’s nurturing, individualized learning environment.


The EITC PreK and K-8 programs provide support for qualifying, low-income students regardless of where they reside..

Where can I find detailed information about the programs and how do I apply?

• Visit www.newpa.com/eitc, and click on “EITC Guidelines” under the “Businesses” heading.

• Ask your company if they participate in EITC, and if so request that they consider The Campus
School.

• If your company does not participate and wishes to do so, they should plan now to apply early.
Applications will be accepted starting July 1.

What taxes qualify?

• Capital Stock/Foreign Franchise Tax
• Corporate Net Income Tax
• Bank Shares Tax
• Title Insurance and Trust Company Shares Tax
• Insurance Premiums Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
• Mutual Thrift Tax
• Gross Receipts Tax
• Tax under the Insurance Company Law of 1921
• Personal Income Tax

Ask your HR office or controller today if your business participates in the EITC program!

 

For more information, contact DCED at 866.466.3972 or Patty Beaumont, Carlow University Director of Corporate and Foundation Relations at 412.578.8772 or plbeaumont@carlow.edu.

Testimonials

“The EITC program is an excellent way for businesses to direct state tax dollars towards educating our children. It is an efficient and inexpensive way to support the mission of the campus school.”

—Bill Gatti